ZiG Drop Forces Zimbabwe Government to Cut Spending Ahead of Budget

The devaluation of the ZiG, short for Zimbabwe Gold, is forcing the government to cut spending on certain budget items. Cost-containment measures include limiting foreign travel, deferring local workshops, and cutting fuel allocations by 50%. The southern African country is set to present its 2025 budget at the end of November. Bloomberg’s Ondiro Oganga reports.
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